Title Insurance Title insurance is a policy of insurance that protects the title to your property. Today, many lenders require title insurance on a loan. Title insurance may only be issued by insurance companies licensed by the state, and the Louisiana Department of Insurance determines the title insurance rates in this state. Each policy in Louisiana is based on an opinion rendered by a licensed attorney. Attorneys carefully examine those titles, however some risks may still go undetected. Title insurance protects your lender against those risks. Purchasers and borrowers need to know that the lender’s title insurance does not protect them. At the closing, the borrowers or buyers are offered an opportunity to purchase a policy of title insurance, called owner’s title insurance, that will protect them. The price paid at the closing is the only charge an owner pays for the entire policy, which lasts for as long as that buyer or borrower owns the property. There are now two types of owner’s title insurance policies available. Whether you are a lender, a borrower, or a buyer, to determine what risks are insured and what coverage you need, contact Big River Title. Our link is conveniently located on this website, and we will be glad to discuss your title insurance needs as they relate to you, and your transaction. All content © Copyright 2002 - 2003, Big River Title. All Rights Reserved.